ARK Space & Defense Innovation ETF is trading at $34.53 (-5.03%) as strong May jobs data fuels higher-for-longer Fed expectations and a broader market selloff.
- Broader markets are sharply lower, with the Nasdaq down 2.67% and the S&P 500 down 1.63%, pressuring growth-sensitive assets.
- Semiconductor weakness and a tech-led selloff are spilling into the fund’s industrials-heavy holdings as investors rotate away from high-beta growth.
- The move reflects a wider risk-off tone across defense and innovation themes rather than a fund-specific catalyst.